16:52
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Simple English definitions for legal terms
solvendum in futuro
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A quick definition of solvendum in futuro:
Solvendum in futuro: This is a fancy Latin term that means you owe someone money, but you don't have to pay it right away. You have to pay it in the future, but it's still considered due now.
A more thorough explanation:
Definition: Solvendum in futuro (sol-ven-dum in f[y]oo-t[y]oor-oh) is a Latin term that means "to be paid in the future." It refers to a debt that is currently due but can be paid at a later date.
Example: Let's say you borrowed $100 from a friend and promised to pay it back in a month. The debt is solvendum in futuro because it is due now but payable in the future.
Explanation: The example illustrates the definition of solvendum in futuro because the debt is currently due, but the payment is not expected until a later date. This means that the debt is not considered fully paid until the future payment is made.